What is important when selecting a mortgage lender?

It is important to take into consideration the following items when selecting a mortgage lender:

  • Interest Rate & Annual Percentage Rate
  • Monthly payment and term
  • Total amount of closing costs
  • Upfront appraisal costs
  • Servicing of loan
  • Ability to approve loan and close on time
  • Knowledgeable Loan Officer
  • Communication with Loan Officer during and after the loan closes
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